Tencent (OTC:TCTZF) Trading Down 3.5% – Here’s What Happened

Tencent Holdings Limited (OTC:TCTZF)’s stock price fell 3.5% during mid-day trading on Wednesday . The company traded as low as $69.66 and last traded at $70.45. 6,841 shares were traded during trading, a decline of 67% from the average session volume of 20,872 shares. The stock had previously closed at $73.0360.

Tencent Stock Down 3.5%

The business has a 50 day moving average price of $78.23 and a 200 day moving average price of $78.81.

About Tencent

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.